EG’s Most Active Agent competition winners
East Scotland
1. Shepherd Commercial
2. Ryden
3. Graham & Sibbald
4. FG Burnett
5. DM Hall Chartered Surveyors
Dealmaker: Bilal Ashraf (Shepherd Commercial)
“The East of Scotland property market has seen the industrial market remain robust with good rental growth with the lack of availability. This is particularly the case for prime, well-established locations. The new Queensferry Crossing having opened we have seen good demand in Fife with landlords/developers being prepared to undertake speculative schemes to meet demand. The retail sector is still adjusting to changing shopping traditions, however, still remains steady, while the office market has seen a slower take-up. The success has been down to great team work throughout our firm and working hard to secure occupiers.”
INDUSTRIAL
The Bridges, Balliol Business Park, Newcastle Upon Tyne NE12 8EW
■ Size: 48,134 sq ft (4,472 sq m)
■ Date of deal: 19/06/2018
■ Price: £4,325,000, 6.94% yield
■ Vendor: Ashall Homes
■ Vendor’s agent: GVA
■ Purchaser: Nottingham City Council
■ Purchaser’s agent: Lambert Smith Hampton
■ Lessee: Advanced Electronics
The Cube, Bransworth Avenue, Milton Keynes MK10 0BG
■ Size: 93,707 sq ft (8,706 sq m)
■ Date of deal: 18/07/2018
■ Rent: £670,005 pa, 10-year lease
■ Lessor: NFU Mutual
■ Lessor’s agents: McGuinness Waddington Real Estate and Savills
■ Lessee: Mercedes Benz
■ Lessee’s agent: Colliers International
Unit 3, Crombie Road, Aberdeen AB11 9QQ
■ Size: 1,563 sq ft (145 sq m)
■ Date of deal: 28/06/2018
■ Rent: £14,000 pa, five-year lease, two-year break, four-year break,
■ Lessor: Aberdeen City Council
■ Lessor’s agent: Shepherd Commercial
■ Lessee: Bon Accord Radiators
Unit 4 Brooklyn Business Centre, Peasehill Road, Ripley DE5 3JG
■ Size: 1,386 sq ft (129 sq m)
■ Date of deal: 24/07/2018
■ Rent: £7,000 pa, three-year lease, break after 1.5 years
■ Lessor: Sandy Kay
■ Lessor’s agent: FHP Property Consultants
■ Lessee: Mattress Recycling Services
Unit 6 Seawalls Court, Seawall Road, Cardiff CF24 5TH
■ Size: 1,800 sq (167 sq m)
■ Date of deal: 02/07/2018
■ Rent: £12,000 pa, five-year lease
■ Lessor’s agent: Fletcher Morgan Chartered Surveyors
■ Lessee: Polyprops (Bristol)
Unit S2, Clarence Street, Darwen BB3 1HQ
■ Size: 810 sq ft (75 sq m)
■ Date of deal: 01/05/2018
■ Rent: £6,000 pa, three-year lease
■ Lessor’s agent: Bridge & Co
■ Lessee: The Window Company
OFFICE
■ 3rd Floor, Grosvenor House, 65 -71 London Road, Redhill RH1 1LQ
■ Size: 9,300 sq ft (864 sq m)
■ Date of deal: 15/05/2018
■ Rent: £232,500 pa, 10-year lease, 12 months rent free, five-year break
■ Lessor’s agent: DTRE
■ Lessor’s agent: SHW
■ Lessor: Orbit Southern
■ Lessee: Aon
4th Floor, 3 Wellington Place, Leeds LS1 4AJ
■ Size: 20,402 sq ft (1,895 sq m)
■ Date of deal: 15/06/2018
■ Rent: £291,256 pa, 15-year lease
■ Lessor: MEPC
■ Lessor’s agents: Colliers International, JLL & Savills
■ Lessee: Investec
■ Lessee’s agent: Knight Frank
Colworth House, Colworth Estate, Bedford MK44 1LQ
■ Size: 1,129 sq ft (105 sq m)
■ Date of deal: 14/05/2018
■ Rent: £18,500 pa, one-year lease
■ Lessor: Colworth Park
■ Lessor’s agents: Bidwells and Kirkby & Diamond
■ Lessee: MIP Diagnostics
Forth House & Playfair House, Forth Street, Edinburgh EH1 3LE
■ Size: 23,853 sq ft (2,216 sq m)
■ Date of deal: 17/07/2018
■ Price: £4,500,000 6.56% yield
■ Vendor: London & Oriental
■ Vendor’s agent: Scarlett Land and Development
■ Purchaser: Thistle Property Group
■ Purchaser’s agent: CKD Galbraith
Obel 68, 68 Donegall Quay, Belfast BT1 3NG
■ Size: 52,169 sq ft (4,847 sq m)
■ Date of deal: 20/07/2018
■ Rent: £15,000,000, 6.73% yield
■ Vendor: Donegall Quay
■ Vendor’s agent: Lisney
■ Purchaser: Belfast Harbour
Unit 9 Edhen Park Harvey Road, Newham TR1 2WX
■ Size: 229 sq ft (21 sq m)
■ Date of deal: 26/06/2018
■ Rent: £3,000 pa, three-year lease
■ Lessor’s agent: Miller Commercial
■ Lessee: I for Design
RETAIL
12-26 The Broadway, Crawley RH10 1DS
■ Size: 54,898 sq ft (5,100 sq m)
■ Date of deal: 24/07/2018
■ Price: £5,500,000, 7.22% yield
■ Vendor’s agent: KLM Retail
■ Vendor: Chancerygate Group
■ Purchaser’s agent: Cluttons
■ Lessee: Wilkinsons
1st and 2nd floors, 45 Russell Street Leamington Spa CV32 5QB
■ Size: 954 sq ft (89 sq m)
■ Date of deal: 01/07/2018
■ Rent: £10,000 pa, six-year lease, break at year three
■ Lessor’s agent: Chivers Commercial
■ Lessee: Francis Webb Accountants
30-31 Cornhill, Bury St Edmunds IP33 1DY
■ Size: 3,000 sq ft (279 sq m)
■ Date of deal: 01/06/2018
■ Rent: £75,000 pa, 15-year lease, six months rent free, five-year break and review
■ Lessor: Ratcliffes
■ Lessor’s agents: Francis Darrah Chartered Surveyors and Kevin Taylor & Associates
■ Lessee: Kaspa’s Desserts
70 School Road, Sale M33 7XE
■ Size: 3,157 sq ft (293 sq m)
■ Date of deal: 24/07/2018
■ Price: £790,000, 5.06% yield
■ Purchaser’s agent: Regional Property Solutions
■ Purchaser: Alexandra Fox North
To submit your deals please e-mail deals@egi.co.uk or tweet @egdealss
